Critical Elements Corporation: Matthew Lauriston Starnes Appointed As a Director

Critical Elements Corporation: Matthew Lauriston Starnes Appointed As a Director 
MONTREAL, QUEBEC -- (Marketwired) -- 08/07/14 --   Critical Elements
pleased to announce the appointment of Matthew Lauriston Starnes as a
director of the Corporation. 
Mr. Lauriston Starnes is a lawyer with over 17 years of experience
and the capacity to work in all areas of law, including civil law,
common law, contract negotiation and drafting, arbitration, taxes and
permits and government relations. Mr. Starnes is currently legal
counsel for Sumitomo Corporation's Mineral Resources Division in
Tokyo, Japan. Among other things, he was responsible for negotiating
the joint venture agreement with a Canadian partner, the financing
agreement with Japanese lenders and offtake and distribution
agreements with Japanese and other worldwide buyers for the Sierra
Gorda project in Chile. He was also responsible for negotiating
power, railway, port and transportation infrastructure agreements and
helping the proponents establish good governance procedures for the
project. He is also part of the team for the Ambatovy project in
Madagascar, where he participated in preparing for completion,
settlement negotiation with Korean contractors and sits on a number
of committees. Prior to joining Sumitomo, he also was the General
Counsel and Deputy CEO for the Ambatovy project. Mr. Starnes has also
practiced as a corporate lawyer with major law firms in Montreal. 
"With his many years of experience, Matthew Starnes will bring
experience in legal matters and governance to Critical Elements
Corporation," said Jean-Sebastien Lavallee, President and Chief
Executive Officer.   
The Corporation has granted Mr. Lauriston Starnes 200,000 stock
options, each of which entitles its holder to acquire one common
share for $0.275 until August 7, 2019.   
About Critical Elements Corporation  
Critical Elements Corporation is actively developing its 100%-owned
Rose lithium-tantalum flagship project in Quebec.  
A recent financial analysis (Technical Report and preliminary
economic assessment (PEA) on the Rose Lithium-Tantalim project,
Genivar, December 2011) of the Rose project based on price forecasts
of US$260/kg ($118/lb) for Ta2O5 contained in a tantalite concentrate
and US$6,000/t for lithium carbonate (Li2CO3) showed an estimated
after-tax Internal Rate of Return (IRR) of 25% for the Rose project,
with an estimated Net Present Value (NPV) of CA$279 million at an 8%
discount rate. The payback period is estimated at 4.1 years. The
pre-tax IRR is estimated at 33% and the NPV at $488 million at a
discount rate of 8%. (Mineral resources that are not mineral reserves
and do not have demonstrated economic viability). (See press release
dated November 21, 2011.) 
The operation is scheduled to produce 26,606 tons of high purity
(99.9% battery grade) Li2CO3 and 206,670 pounds of Ta2O5 per year
over a 17-year mine life. 
The project hosts a current Indicated resource of 26.5 million tonnes
of 1.30% Li2O Eq. or 0.98% Li2O and 163 ppm Ta2O5 and an Inferred
resource of 10.7 million tonnes of 1.14% Li2O Eq. or 0.86% Li2O and
145 ppm Ta2O5. 
Cautionary Statement Concerning Forward-Looking Statements 
This news release contains "forward-looking information" including
without limitation statements relating to realization of resource
estimates, reduction of capital and operating costs, success of
mining operations and the ranking of the project in terms of
production. Readers should not place undue reliance on
forward-looking statements. 
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Until a positive
feasibility study has been completed, and even with the completion of
a positive feasibility study, there are no assurances that the Rose
project will be placed into production. Factors that could affect the
outcome include, among others: the actual results of development
activities; project delays; inability to raise the funds necessary to
complete development; general business, economic, competitive,
political and social uncertainties; future prices of metals;
availability of alternative lithium or tantalum sources; actual rates
of recovery; conclusions of economic evaluations; changes in project
parameters as plans continue to be refined; accidents, labour
disputes and other risks of the mining industry; political
instability, terrorism, insurrection or war; delays in obtaining
governmental approvals, necessary permitting or in the completion of
development or construction activities. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by such
forward-looking statements, refer to the Company's filings with
Canadian securities regulators available on SEDAR at 
Although the Company has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. Forward-looking statements
contained herein are made as of the date of this news release and the
Company disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events or
results or otherwise, except as required by applicable securities
Neither the TSX Venture Exchange nor its Regulation Services Provider 
(as that term is defined in the policies of the TSX Venture Exchange) 
accepts responsibility for the adequacy or accuracy of this release. 
Jean-Sebastien Lavallee, P.Geo.
President and Chief Executive Officer
Investor Relations:
Paradox Public Relations
The Howard Group Inc.
Jeff Walker
Vice President
Ariel Cobangbang
Senior Associate
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